Globe Telecom
Type	Public (PSE: GLO)
Founded	Manila, Philippines (1935)
Headquarters	Mandaluyong City, Philippines
Key people	Jaime Augusto Zobel de Ayala II, Chairman Gerardo C. Ablaza, Jr., President and CEO
Industry	Communications Services
Products	Broadband Services Cellular Telephony Fixed-Line Telephony
Revenue	P57 billion PHP (▲4%) (2006)
Net income	P12 billion PHP (▲14%) (2006) [1]
Website	www.globe.com.ph

Globe Telecom (PSE: GLO), commonly known as Globe, is the second-largest telecommunications company in the Philippines, providing a diversified set of fixed-line and mobile telecommunications services. Image File history File links No higher resolution available. ... This article does not cite any references or sources. ... Fountain area inside the Philippine Stock Exchange Plaza, along Ayala Avenue in Makati City, Philippines The Philippine Stock Exchange (Filipino: Pamilihang Sapi ng Pilipinas) (PSE: PSE) is one of the two stock exchanges in the Philippines, the other one being the Philippine Dealing Exchange. ... For other meanings of the word, see Manila (disambiguation). ... 1935 (MCMXXXV) was a common year starting on Tuesday (link will display full calendar). ... Image File history File links Flag_of_the_Philippines. ... The City of Mandaluyong (Filipino: Lungsod ng Mandaluyong) is one of the cities and municipalities that comprise Metro Manila in the Philippines. ... Copy of the original phone of Alexander Graham Bell at the Musée des Arts et Métiers in Paris Telecommunication is the assisted transmission of signals over a distance for the purpose of communication. ... Broadband in telecommunications is a term that refers to a signaling method that includes or handles a relatively wide range of frequencies, which may be divided into channels or frequency bins. ... Cell phone redirects here. ... For other uses, see Telephone (disambiguation). ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... ISO 4217 Code PHP User(s) Philippines Inflation 2. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... ISO 4217 Code PHP User(s) Philippines Inflation 2. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... A website (alternatively, web site or Web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or more web servers, usually accessible via the Internet. ... Fountain area inside the Philippine Stock Exchange Plaza, along Ayala Avenue in Makati City, Philippines The Philippine Stock Exchange (Filipino: Pamilihang Sapi ng Pilipinas) (PSE: PSE) is one of the two stock exchanges in the Philippines, the other one being the Philippine Dealing Exchange. ... Copy of the original phone of Alexander Graham Bell at the Musée des Arts et Métiers in Paris Telecommunication is the assisted transmission of signals over a distance for the purpose of communication. ...

History

The old Globe corporate logo

In 1928, Congress passed Act No. 3495 granting the Robert Dollar Company, a corporation organized and existing under the laws of the State of California, a franchise to operate wireless long distance message services in the Philippines. Image File history File links Logo of Globe Telecom from a Globe business card. ... Image File history File links Logo of Globe Telecom from a Globe business card. ... Year 1928 (MCMXXVIII) was a leap year starting on Sunday (link will display full calendar) of the Gregorian calendar. ...

The Robert Dollar Company subsequently incorporated in the Philippines as Globe Wireless Limited and in 1934, Congress passed Act No. 4150 transferring the franchise and privileges of the Robert Dollar Company to Globe Wireless Limited.

Globe Wireless Limited was subsequently renamed Globe Mackay Cable and Radio Corporation. Congress, through Republic Act 4630 enacted in 1965, further expanded its franchise to allow it to operate international communications systems.

Globe Telecom was closed in the Philippines by Martial law.

Shortly before the expiration of its franchise, the Batasan Pambansa in 1980 enacted Batas Pambansa 95 granting Globe Mackay Cable and Radio Corporation a new franchise.

On June 15, 1990, Isla Communications Co., Inc. (Islacom) was incorporated. Through Republic Act 7372, Islacom was authorized to develop full-service telecommunications network in the country.

In 1991, Globe Mackay was subsequently merged with the Clavecilla Radio Corporation. Globe Mackay as the surviving company was renamed GMCR, Inc. and on March 19, 1992, the Philippine Congress passed Republic Act 7229 approving the merger and the transfer of the franchise of Clavecilla Radio Corporation to the surviving company to be renamed GMCR, Inc.

In 1994, Islacom earned an important place in the history of Philippine telecommunications when it launched the country's first digital mobile communication services using GSM world standard digital technology.

On 20 August 1998, the Philippine Securities and Exchange Commission (SEC) approved the change of name of GMCR, Inc. to Globe Telecom, Inc. (Globe).

On February 22, 2000, Globe and its principal shareholders Ayala Corporation (AC) and Singapore Telecom International Pte. Ltd. (STI), a wholly owned subsidiary of Singapore Telecom (ST), and Islacom and its principal shareholders Asiacom Philippines, Inc. (Asiacom) and DeTeAsia Holding GmbH (DeTeAsia), a wholly owned subsidiary of Deutsche Telekom AG (DT), entered into a General Agreement for a combination of the business and operations of Globe and Islacom.

On June 27, 2001, Globe completed the share swap transaction with Islacom, which effectively made Islacom a 100%-owned subsidiary of Globe.

In September 2002, Globe announced the operational integration of Globe and Islacom’s wireless networks to increase the Globe Group’s business focus and streamline its operations in order to optimize utilization of the network to benefit subscribers. A key element of the integration involves the migration of existing wireless subscribers of Islacom to the improved Touch Mobile service, allowing them to enjoy superior coverage and service offering available through the Globe-Islacom integrated network.

On August 7, 2003, the National Telecommunications Commission (NTC) approved the legal transfer of Globe's wireline business, authorizations, properties, assets and obligations to Islacom.

On August 25, 2003, the SEC approved the change in name of Islacom to Innove Communications, Inc. (Innove).

On March 30, 2007 Globe Telecom, through its president and chief executive Gerardo Ablaza Jr. said it is diversifying from its core business to take advantage of the booming broadband business. Ablaza said the company would increase its investments in cable systems and wire lines to build its broadband Internet infrastructure. Industry analysts have viewed Globe’s plan to invest in cable systems as a strategy to compete more aggressively with Philippine Long Distance Telephone Co., which took advantage of its wire line infrastructure to diversify into broadband business.

Ownership

• Singapore Telecommunications: 45%
• Ayala Corporation: 34%
• Public stock: 21%

Singapore Telecommunications Limited SGX: T48 (commonly abbreviated as SingTel) is Singapores largest telecommunications company. ... Ayala Corporation (PSE: AC) is a holding company for the diversified interests of the Ayala Group. ...

Competition

Globe's main competitor in the fixed-line telephone market is PLDT. In the mobile telephony market, its main competitors are Smart Communications, which is owned by PLDT, and Sun Cellular, which is owned by Digitel. For other uses, see Telephone (disambiguation). ... The Philippine Long Distance Telephone Company (PSE: TEL, NYSE: PHI), commonly known as PLDT, is the largest telecommunications company in the Philippines. ... Cell phone redirects here. ... Smart Communications, Inc. ... DigiTel Mobile Philippines, Inc. ... Digital Telecommunications Philippines (PSE: DGTL), commonly known as Digitel, is the second-largest fixed-line and the third-largest mobile telecommunications company in the Philippines. ...

See also

• Ayala Corporation
• Globe Handyphone
• Touch Mobile

Ayala Corporation (PSE: AC) is a holding company for the diversified interests of the Ayala Group. ... ... Touch Mobile is a subsidiary of Globe Telecom, the second largest telecommunications company in the Philippines. ...

External links

Complaints

• A review on Globe Telecom's prepaid service
• Compete, don't whine tells Smart to Globe
• Why Globe Visibility is not holding up to its promise?
• Globe continuing invisibility
• Consumers fight back against Globe's Unlimited Kabastusan and Unlimited Panloloko
• Prepaid load shaving at Globe: The Complaint
• Globe's Call and Text All You Want promo for prepaid subscribers
• RP Government must stop thieves of peoples cellphone load/credits

Official

• Official Globe Telecom Website
• myGlobe portal
• Hub E-Shop
• Globe Platinum
• Globe Solutions
• Globe Kababayan
• GCash
• Globe Visibility
• Globe Telecom
• Touch Mobile
• Globe SME

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